Nifty View today 21/May/18

The Nifty is now in some kind of a large trading range.

We may be seeing resistance around 11000 – 11100 and support around 9900 – 10000.

This gives a fairly wide, 1000 point range.

While this knowledge does not give an actionable trade immediately, it does give a message: the current long term trend is probably sideways.

Sideways markets will not give immediate and quick rewards. In such a scenario, Investing, as well as trading requires patience acceptance of small rewards.